Banks achieved an increase of 47.6% in 2018, which corresponds to inflation – 25/01/2019

Banks managed to close the year with a wage increase linked to inflation.

How the agreement reached by the union with the banking badociations was to revise the parity with the rise in inflation, after the publication of the December price index, it was agreed with ADEBA, ABA and ABE an increase of 1.6%, retroactive to last month on the compensation corresponding to the month of December of the previous year. The signature of the public banks, established in Abappra, is missing.

"Thus, an increase of 47.6% of the 2018 joint agreement is reached"they said from the bank, it is exactly the percentage of retail inflation of last year.

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The difference in salary will be settled by February 5th at the latest.

Thus, the agreed advance for 2019, of 7% for January and February, should be liquidated on compensation now updated with this 1.6%.

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"Unfortunately, the Abappra Chamber and the Central Bank have not yet completed the signing of this agreement, to which they are legally bound. We can not understand this attitude unless the authorities intend to generate a conflict to hide the mismanagement of the officials of the public bank, "the union officials said.

Abappra groups public banks such as the nation, the province and Cordoba and private banks such as Credicoop.